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Press Release – June 4, 2014

June 5, 2014 Leave a comment

LOS ANGELES, CALIFORNIA – June 4, 2014

Dominion Mortgage Corporation, the residential and multifamily lending division of Los Angeles based Dominion Corporation, has announced the introduction of their multifamily portfolio lending program designed to fund in major markets across the United States.  This program will make loans up to $30 million.  Dominion has been considered as an innovative direct lending source for many years with a healthcare lending division, a commercial lending division, a residential platform, and multifamily lending division, all of which are actively seeking new lending opportunities.

“This national multifamily lending program is an excellent alternative to the popular governmental sponsored programs available in the marketplace,” says Paul Horvitz, President of Dominion.  “We make this fixed rate product available to borrowers who are frustrated by the red tape that often is accompanied by government and government sponsored multifamily lending alternatives.”  “We also have bridge products available to multifamily borrowers for renovation, bridge-to-sale, and other borrowers’ needs previously not covered by most apartment lenders.”

Keith Olson, Dominion’s Executive Vice President in charge of origination, said “I’m happy to have a solution for borrowers, brokers, and portfolio apartment owners that makes qualifying standards easy and accessible.”  “We hope that the borrowing public will be as excited by Dominion’s new multifamily lending programs as we are to offer them.”

Loren Thall, Dominion’s Vice President of Underwriting, points out “I’m happy that these program guidelines can finally be offered to the consumer.  It makes my job a lot easier when the underwriting is simple and easy to follow for the borrower.”  “We are also seeing many referrals from bankers who don’t offer multifamily loans to their clients.  “Since Dominion does not require a banking relationship, the referring bank does not lose the borrower when the borrower takes an apartment loan from Dominion.”

ABOUT DOMINION CORPORATION

Dominion Corporation was established in 1977 by commercial real estate financing veteran Paul Horvitz and is a “nationwide” provider of real estate loans starting at $1,000,000 and ranging up to over $30,000,000.  In addition to offering financing for high-end residential, single tenant, owner-occupied and most other property types, Dominion has established a reputation for being able to finance properties that other lenders shy away from, such as healthcare facilities and other unique transactions.  The company offers competitive rates on most commercial real estate types, including office, industrial, hospitality, multifamily and special-purpose properties.  This includes healthcare real estate loans on medical office, clinics, hospitals and most long-term care facilities, such as independent living, assisted living and skilled nursing facilities.

For more information, go to http://www.dominfin.com.  If you have additional questions or would like to schedule an interview, please contact:

Paul Horvitz

Dominion Corporation

11355 West Olympic Blvd., Suite 210

Los Angeles, CA  90064

Phone:  (310) 477-3041, ext. 134

Email:  paul@dominfin.com

Web:  www.dominfin.com

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